Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 5 March 2018, 21:50 HKT/SGT

Source: Beijing Gas Blue Sky Holdings Limited
Prism Energy International PTE. LTD. will subscribe for BG Blue Sky's CB in an aggregate principal amount of HK$180 million

HONG KONG, Mar 5, 2018 - (Media OutReach) - Beijing Gas Blue Sky Holdings Limited ("the Company" or "BG Blue Sky", together with its subsidiaries, the "Group", HKSE stock code: 6828) is pleased to announce that PRISM ENERGY INTERNATIONAL PTE. LTD. ("PRISM"), a subsidiary of SK E&S Co., Ltd. ("SK E&S"), agreed to subscribe for BG Blue Sky's 2-year Convertible Bond in an aggregate principal amount of HK$180 million with interest of 2% per annum. The Conversion Price is initially HK$0.57 per Conversion Share. Assuming the Conversion Right is exercised in full, approximately 316 million Conversion Shares will be allotted and issued to the Investor, representing approximately 3.11% of the issued share capital of the Company as enlarged by the issue and allotment of the Conversion Shares.

PRISM is engaged in purchase and sale of LNG, and will play a pivotal role in helping SK E&S grow into a global energy company.

SK E&S is a fully integrated global LNG company involved in all parts of the LNG value chain including in upstream gas production, midstream LNG liquefaction, storage and regasification, and downstream power generation and city gas distribution. SK E&S aims to become a global leader in clean energy by continuing its expansion and investments in the LNG and renewables sectors.

SK E&S is a subsidiary of SK Holdings Co., Ltd., the major ultimate holding company of SK Group, Korea's third largest conglomerate. SK Group's businesses cover a diverse range of sectors including the energy, chemical, information and communication technology, and semiconductor sectors.

Mr. Tommy Cheng, Co-Chairman, Chief Executive Officer and Executive Director of the Group commented: "SK E&S is actively developing clean LNG and gas businesses which fit across the Company's value. Raising funds by issuing the Convertible Bonds represent an opportunity for the Group to enhance its working capital and strengthen its financial position for financing the expansion of the natural gas business."

About Beijing Gas Blue Sky Holdings Limited
Beijing Gas Blue Sky Holdings Limited ("Beijing Gas Blue Sky", HKSE stock code: 6828) is an integrated natural gas provider, distributor and operator, with an emphasis on the midstream and downstream natural gas development. Our natural gas business includes: (i) construction and operation of compressed natural gas ("CNG") and liquefied natural gas ("LNG") refueling stations for vehicles; (ii) construction of natural gas pipelines and operation of city gas projects by providing piped gas; (iii) direct supply of LNG to end-users; and (iv) trading and distribution of CNG and LNG.

The Group has adapted to the "One Belt One Road" policy, and focus on operating and investing natural gas business. The Group is actively expanding its business development and distribution, as well as continues to gradually expanding the scale of operations. Currently, the Group has business presence in several provinces in Northeast China, East China, Central South China and Southwest China, including Liaoning Province, Shandong Province, Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, Sichuan Province and Hainan Province, etc. The Group is committed to its vision: "develop clean energy, enhance customer value, and create a beautiful blue sky". In the future, it will continue to actively investing and developing natural gas business, as well as participating in the development of natural gas industry value chain.

For media inquiries, please contact:
Stimulus Investor Relations Ltd.
Contact: Ms. Hill Ho
Tel: +852 3159 2944

Mar 5, 2018 21:50 HKT/SGT
Topic: Press release summary
Sectors: Energy
From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Beijing Gas Blue Sky Holdings Limited
Aug 30, 2018 00:50 HKT/SGT
Beijing Gas Blue Sky Announces 2018 Interim Results
Aug 20, 2018 16:50 HKT/SGT
BGBS announces positive profit alert and expects to record an increase in net profit for 2018 1H
Aug 17, 2018 23:50 HKT/SGT
GPS, an Energy Investment Holding in Thailand Completed First Tranche of Subscription of BGBS's Share
July 12, 2018 21:25 HKT/SGT
Industrial Securities Expected to See a Significant Growth in Revenue of BGBS After the Acquisition of Tangshan LNG Terminal
July 4, 2018 21:30 HKT/SGT
BGBS entered into Strategic Cooperation Agreement with KunLun Guizhou Co.
June 6, 2018 20:30 HKT/SGT
BGBS completed the acquisition of 29% equity interest of a LNG terminal in Caofeidian, to further promote the strategic development of entire business chain of LNG
May 16, 2018 19:15 HKT/SGT
BGBS duly passed the acquisition of 29% equity interest of a LNG terminal in Caofeidian
May 9, 2018 22:30 HKT/SGT
BG Blue Sky entered into a LNG Supply Agreement with Kunlun Energy
Jan 24, 2018 22:00 HKT/SGT
Beijing Gas Blue Sky entered into a Strategic Cooperation Agreement with GPS, an energy investment holding in Thailand to develop energy related business; also entered into Shares Subscription Agreement with GPS's key shareholder
Dec 28, 2017 23:50 HKT/SGT
Beijing Gas Blue Sky acquires 29% equity interest of LNG terminal in Caofeidian, consideration approximately HK$1200 million
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: